DEXs on Cardano see growth, but how does that benefit ADA in the long run?

January 4, 2023

By Suzuki Shillsalot

Are your ADA holdings flashing green? Check the profit calculator

• DEXes on Cardano performed well

• However, the network’s TVL continued to decline along with daily activity

MELD DeFi, a popular Decentralized Exchange (DeX) on the Cardano [ADA] network, stated that it would be expanding its reach and growth in a 2 January tweet. It would do so by becoming a multi-chain protocol and would launch on Avalanche in the coming months.

The Cardano – DEX angle

The DEX also recently received its Electronic Money Institute (EMI) license, which would allow the DEX to onboard American customers and be operational in over 100 countries. However, MELD Defi wasn’t the only DEX that showed improvements on the network.

To read the entire article...Click Here!